Current mainstream CEX, DEX funding rate display shows the market still leaning bearish

BlockBeats News, March 5th, according to Coinglass data, in the past two days, Bitcoin rebounded and briefly exceeded $74,000, but the current mainstream CEX, DEX funding rates indicate that the market still leans bearish. Compared to the overall crypto market, Bitcoin's funding rate is more neutral, with specific funding rates for mainstream coins shown in the attached image.

BlockBeats Note: Funding rates are rates set by cryptocurrency exchanges to maintain balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a mechanism for fund exchange between long and short traders, with the exchange platform not charging this fee but using it to adjust the cost or benefit for traders holding contracts to keep the contract price close to the underlying asset price.

When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.